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Lockheed Martin (LMT) Wins Deal to Deliver 50 C-130J Parts
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Lockheed Martin Corp. (LMT - Free Report) recently secured a contract for delivering 14 enhanced center wing boxes and 14 component kits in relation to the C-130J center wing box replacement program. The deal is expected to be completed by Mar 30, 2027.
Valued at $16.2 million, the contract was awarded by the Air Force Life Cycle Management Center, Robins Air Force Base, GA. Work related to the deal will be carried out in Marietta, GA.
C-130J Specifics
As the world’s premier tactical airlifter, the Super Hercules features tremendous lift capacity, long range and austere landing field capabilities. Rolls-Royce’s (RYCEY - Free Report) AE 2100D3 engines and six-bladed Dowty Aerospace R391 composite propellers from General Electric (GE - Free Report) , which improve this aircraft’s performance over legacy C-130 jet.
All C-130J variants are designed for night operations, while its proven on-board navigation system guides pilots to proper landing site quickly and safely. The Super Hercules worldwide fleet has more than 2 million flight hours and is the airlifter of choice for 20 nations.
Our View
In recent times, military helicopters in the U.S. aerospace-defense market have gained prominence and significant traction due to advancements and integration of new tactical, logistical and other important features. Some of these developments are attributable to Lockheed Martin and Textron (TXT - Free Report) , as both of them are pioneers in manufacturing tactical aircraft.
With the fiscal 2020 defense budget offering investment potential worth $57.7 billion in aircraft, we may expect Lockheed Martin’s Aeronautics unit to receive consistent order flows from the Pentagon, like the latest one, in the near future as well.
Such contracts are indicative of solid revenue growth prospects for the company’s Aeronautics business segment, which comprises C-130 Hercules program. Notably, during fourth-quarter 2019, revenues at this unit increased 8.5% year over year and we expect the upcoming quarterly reports to reflect similar growth on account of contract wins like the latest one.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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Lockheed Martin (LMT) Wins Deal to Deliver 50 C-130J Parts
Lockheed Martin Corp. (LMT - Free Report) recently secured a contract for delivering 14 enhanced center wing boxes and 14 component kits in relation to the C-130J center wing box replacement program. The deal is expected to be completed by Mar 30, 2027.
Valued at $16.2 million, the contract was awarded by the Air Force Life Cycle Management Center, Robins Air Force Base, GA. Work related to the deal will be carried out in Marietta, GA.
C-130J Specifics
As the world’s premier tactical airlifter, the Super Hercules features tremendous lift capacity, long range and austere landing field capabilities. Rolls-Royce’s (RYCEY - Free Report) AE 2100D3 engines and six-bladed Dowty Aerospace R391 composite propellers from General Electric (GE - Free Report) , which improve this aircraft’s performance over legacy C-130 jet.
All C-130J variants are designed for night operations, while its proven on-board navigation system guides pilots to proper landing site quickly and safely. The Super Hercules worldwide fleet has more than 2 million flight hours and is the airlifter of choice for 20 nations.
Our View
In recent times, military helicopters in the U.S. aerospace-defense market have gained prominence and significant traction due to advancements and integration of new tactical, logistical and other important features. Some of these developments are attributable to Lockheed Martin and Textron (TXT - Free Report) , as both of them are pioneers in manufacturing tactical aircraft.
With the fiscal 2020 defense budget offering investment potential worth $57.7 billion in aircraft, we may expect Lockheed Martin’s Aeronautics unit to receive consistent order flows from the Pentagon, like the latest one, in the near future as well.
Such contracts are indicative of solid revenue growth prospects for the company’s Aeronautics business segment, which comprises C-130 Hercules program. Notably, during fourth-quarter 2019, revenues at this unit increased 8.5% year over year and we expect the upcoming quarterly reports to reflect similar growth on account of contract wins like the latest one.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>